ABOUT THE BOOK

INDEX INSURANCE EXECUTIVE’S GUIDE PENALTIES UNDER THE INSURANCE ACT, 1938 A PENALTY CHART FOR INSURANCE AGENTS Act No. IV of 1938 ( INSURANCE Act of 1938 ) PART – I PRELIMINARY ( Sections 1 & 2 ) PART – II PROVISIONS APPLICABLE TO INSURERS ( Sections 2A – 26 ) INVESTMENTS, LOANS & MANAGEMENT ( Sections 27 - 32 ) INSPECTION ( Sections 33 & 34 ) AMALGAMATION & TRANSFER OF INSURANCE BUSINESS ( Sections 35 – 37 ) ASSIGNMENT or TRANSFER of POLICIES & NOMINATIONS ( Sections 38 & 39 ) COMMISSION & REBATES & LICENSING OF AGENTS ( Sections 40 – 44 ) Special Provisions of Law ( Sections 45 – 52 ) Winding Up ( Sections 53 – 61 ) Special Provisions relating to External Companies( Sections 62 – 64 ) Part III – Provident Societies ( Sections 65 – 94 ) Part IV - Mutual Insurance Companies & Co – operative Life Insurance Societies ( Sections 95 – 101 ) Part V - Miscellaneous ( Sections 102 - 123 )